63 1st St Laurium, MI 49913-2052

Property Details for 63 1st St

Lot size

0.11 lot acres

Property type

Commercial real estate

APN

044-104-001-10

APU

4410400110

Description

This exceptional $245,000 opportunity presents a well-established restaurant in Laurium, Michigan. The property boasts a warm and inviting atmosphere, featuring tasteful updates blended with historical charm. The restaurant includes ample seating, a thriving consignment area, and a fully equipped commercial kitchen, complete with a new six-foot gas grill (installed 2023), a food prep room, and a walk-in cooler. Central air conditioning is also included. Bathrooms have been recently remodeled. Upstairs offers additional storage, with potential for residential conversion. The property also includes a large parking lot and a separate commercial building. Note that the commercial building has foundation issues and may require demolition; buyers are prohibited from entering this building before closing. The buyer will accept the building "as is" and is responsible for confirming all intended uses with local authorities. Strong revenue data is available under a confidentiality agreement. The closing date is targeted for the first of the month. All offers must include addendum 1. All information is believed accurate but not warranted; buyers are strongly encouraged to conduct their own due diligence. The property may have audio/video recording devices. Seller requests a 72-hour response time on offers and reserves the right to adjust offer deadlines. Tax information is subject to change and is not zero. All measurements are estimates.